96,55% of shareholders in suunto accept Amer's public offer

Amer Group's offer to Suunto Oyj's shareholders and holders of warrants has been accepted by the shareholders in Suunto representing 96.55 percent of the shares and votes in Suunto by 19 November 1999. As a result, Amer's conditions for the public offer have been fulfilled.



Amer Group's offer to Suunto Oyj's shareholders and holders of warrants has been accepted by the shareholders in Suunto representing 96.55 percent of the shares and votes in Suunto by 19 November 1999. As a result, Amer's conditions for the public offer have been fulfilled.

Amer has decided to give the remaining shareholders in Suunto an opportunity to participate in the public offer by extending the public offer period until 30 November 1999. The settlement and payment of Suunto shares and warrants to the shareholders and warrant holders of Suunto, respectively, is expected to take place by 9 December 1999 according to the terms and conditions of the public offer.

Upon completion of the public offer, Amer will be under a statutory obligation to redeem all outstanding shares in Suunto pursuant to Chapter 6, Section 6 of the Finnish Securities Markets Act. Amer also intends to invoke the redemption procedure under Chapter 14 of the Finnish Companies Act.



Amer Group Plc
Communications Department



Marja-Leena Simola
Vice President

Tel.+358 9 7257 8306
Fax. +358 9 791 385
E-mail: marja-leena.simola@amer.fi

For further information, please contact:
Mr Roger Talermo, President & CEO, Tel. +358 9 7257 8210
Mr Pekka Paalanne, Senior Vice President & CFO, Tel. +358 9 7257 8212